Gentiva rallies in after hours as Kindred sweetens deal

SAN FRANCISCO (MarketWatch) — Shares of Gentiva Health Services Inc. rallied in Monday’s after hours as Kindred Healthcare Inc. sweetened its offer for the home health and hospice company.

Kindred said it is now offering to buy Gentiva at $14.50 a share, half a dollar more than the $14 a share it had previously proposed. The latest bid brings the value of the deal to $573 million although the total package could reach as much as $1.7 billion if debt is included. Shares of Gentiva
US:GTIV
rose 4.7% in after-hours trading while Kindred
KND, +1.60%
shares slid 3.3%.

Shares of General Motors Co.
GM, -0.10%
were mostly flat in extended trading, shrugging off the news of a new round of recalls. The auto maker said late Monday that it is recalling 3.3 million additional cars to replace ignition keys. The Wall Street Journal reported that GM will take a $700 million charge in the second quarter for this latest recall.

Restoration Hardware Holdings Inc.
RH, -3.16%
plans to offer $300 million convertible senior notes due in 2019 in a private placement. The funds will be used to pay down debt with high interest rates and strengthen its balance sheet, the home-furnishings retailer said. Shares were little changed in after hours.

Williams Cos.
WMB, -1.18%
said late Monday it will offer $3 billion in common shares to raise capital to fund its investment in Access Midstream Partners LP. Earlier, Williams said it will buy the remaining stake in Access that it doesn’t already own for $6 billion. Shares of Williams fell 0.7% in after-hours trading.

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